More Companies Are Defaulting Over and Over Again, S&P Says

The Producer Price Index in March rose 0.2% from the previous month, a lower rate of growth than economists had forecast -- The percentage of companies that have defaulted on their debt more than once has reached its second highest level since 2008, according to a new report from S&P Global Ratings.Chinese Cement Maker Halted After 99% Crash in 15 Minutes

Higher-than-estimated consumer inflation has lowered expectations for the number of rate cuts from the Federal Reserve this year. That so called higher-for-longer environment will make it more difficult for the most leveraged, high-risk companies, especially those that have already defaulted. Such transactions only provide “a temporary reprieve to issuers in regaining their footing,” said S&P, which labels those as “selective defaults.”

TORONTO — The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto on Thursday, saying it will take effect Aug. 1. "Faced with a shortage of housing options and increasingly high rent and home prices, younger Canadians understandably feel like the deck is stacked against them," Freeland said in a news release.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Companies are getting back control of their companiesCompanies are getting bolder in their battles to beat back proposals requiring them to disclose more about everything from environmental policies to AI.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

America's Largest Companies Paid Top Executives More Than They Paid In Taxes: ReportMolly Redden is a senior politics reporter for HuffPost. Before joining HuffPost, she covered gender issues as a senior reporter for the Guardian US and was a staff writer for Mother Jones and the New Republic. She is based in New York. She can be reached at molly.reddenhuffpost.com.
Sumber: HuffPostCanada - 🏆 61. / 53 Baca lebih lajut »

Nvidia's new software tools meant for companies adding AI to businessNvidia on Monday unveiled software aimed at making it easier for businesses to incorporate artificial intelligence systems into their work, broadening the...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,860.58, up 23.40 points): TC Energy Corp. (TSX:TRP). Energy. Up 14 cents, or 0.26 per cent, to $54.66 on 14.8 million shares.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,860.58, up 23.40 points): TC Energy Corp...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Why wireless companies are struggling to monetize 5G investmentsWireless companies have made significant investments in 5G wireless networks, but investors are not seeing a return on these investments as expected. Senior ...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »